Frost Radar : Carbon Capture and Separation Technology, 2023

This Frost Radar™ analyzes and positions 13 of the world's leading and most dynamic carbon capture and separation technology market players.

Organizations need to plot a dynamic roadmap for the transition to net zero carbon emissions. Carbon capture is a proven technology that can be implemented in various industries, including hard-to-abate segments, such as cement, iron and steel, fertilizer, and chemicals.

Carbon capture and separation technology forms the backbone of the carbon capture, utilization, and storage (CCUS) value chain. While amine-based chemical absorption is the most widely used separation technology deployed globally, other separation technologies, such as physical absorption, physical adsorption, cryogenic separations, and direct-air capture, are gradually reaching commercialization.

Technologies such as calcium looping, chemical looping, oxyfuel combustion, and membrane separation are at the early stages of pilot testing. The selection of separation technology mainly depends on the capacity and location of the capture plant, CO2 composition in the flue gas, capture efficiency, and energy consumption, to name a few.

The CCUS market is in a growth phase, comprising a mix of large-scale legacy process developers and innovative start-ups. It is forecast to grow at an exponential rate and will play a vital role in driving energy transition and decarbonization strategy.

Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™, considering their strengths and the opportunities that best fit those strengths.